Our Singapore corporate team has been very active in the corporate deal scene, despite the lacklustre market conditions.
Bird & Bird ATMD also recently advised as Singapore counsel to Snack Empire Holdings ("Snack Empire") in relation to its listing on the Mainboard of the Stock Exchange of Hong Kong ("HKSE").
In spite of tepid markets, the initial public offering launched on the HKSE with 200 million shares priced at HK$0.65 each. Proceeds of HK$130 million were raised for the purpose of solidifying Snack Empire's market position as an established food and beverage group with an international footprint.
Snack Empire is the Singapore-based food and beverage group behind the established chain of Shihlin Taiwan Street Snacks outlets and restaurants. As at its debut on the HKSE, there were 228 self-operated and franchised Shihlin Taiwan Street Snacks outlets and restaurants across locations in Singapore, Malaysia, Indonesia and the Northern California.
The Singapore team advising Snack Empire comprised partner Marcus Chow, senior associate Adeline Goh and associate Xing Yi Tan.